Invesco DB Energy Fund (NYSEARCA:DBE) Shares Shorted: Short Interest Down 42.6% in October

Invesco DB Energy Fund (NYSEARCA:DBE) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 25,715 shares, a drop of 42.6% from the September 30th total of 44,781 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 64,763 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Invesco DB Energy Fund

Institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC purchased a new stake in shares of Invesco DB Energy Fund during the third quarter worth about $244,000. Citizens Financial Group Inc. RI purchased a new position in shares of Invesco DB Energy Fund in the 3rd quarter valued at approximately $243,000. Bank of America Corp DE boosted its stake in Invesco DB Energy Fund by 333.3% in the 1st quarter. Bank of America Corp DE now owns 230,147 shares of the exchange traded fund’s stock worth $6,782,000 after purchasing an additional 177,032 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Invesco DB Energy Fund by 30.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 126,713 shares of the exchange traded fund’s stock worth $3,734,000 after purchasing an additional 29,575 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in Invesco DB Energy Fund by 4.4% in the 1st quarter. Cetera Investment Advisers now owns 80,307 shares of the exchange traded fund’s stock worth $2,367,000 after purchasing an additional 3,416 shares in the last quarter.

Invesco DB Energy Fund Price Performance

NYSEARCA DBE traded down $2.57 on Monday, hitting $38.24. The stock had a trading volume of 130,752 shares, compared to its average volume of 58,859. The business’s fifty day moving average price is $37.03 and its 200 day moving average price is $29.81. Invesco DB Energy Fund has a 52-week low of $17.01 and a 52-week high of $41.41. The stock has a market cap of $120.46 million, a price-to-earnings ratio of 3.72 and a beta of -0.03.

About Invesco DB Energy Fund

PowerShares DB Energy Fund (the Fund) is based on the Deutsche Bank Liquid Commodity Index – Optimum Yield Energy Excess Return (the Index). The Index is a rules-based index composed of futures contracts on some of the most heavily traded energy commodities in the world-light sweet crude oil (WTI), heating oil, brent crude oil, reformulated blendstock for oxygenate blending (RBOB) gasoline and natural gas. The Index is intended to reflect the performance of the energy sector. The Fund is a separate series of PowerShares DB Multi-Sector Commodity Trust (the Trust).